United Investors Group International (UIGI) – scam or legit?

YEREVAN (CoinChapter.com) – The crypto market can be volatile and unpredictable. Thus, many seek reassurance on their financial decisions. United Investors Group International (UIGI) is an organization that claims to bring like-minded people together and reach a “debt-free lifestyle” through learning from other participants’ experiences. But the project is not as reassuring.

UIGI.io exhibits red flags.

Any trader, especially inexperienced, should have a scam radar active regarding such claims. Unfortunately, the information available on the team mainly comes from the UIGI.io website or promotional articles, despite the project being live since Q4 2021.

Thus, getting an impartial opinion is not trivial. A centralized information source should be a red flag for anyone considering participation or an investment.

Also read: Solana (SOL) Price Approaches $50, Why Dips Remain Attractive.

The website also claims to offer a low-risk/high-reward investment opportunity, which is always a red flag, especially in the crypto community. After Terra’s implosion and several platforms like 3AC, and Celsius following suit, investors should be aware of the potential pitfalls.

“Don’t play with money you can’t afford to lose,”- advertises the community. And while any investor with common sense swears by that principle, it cancels out the possibility of a low-risk/high-reward investment for an average trader. The suggestion that the latter is possible drags a fat warning over all other claims.

Also read: Emerging markets strain under pressure; can crypto adoption pare the losses?

Meanwhile, the UIGI coin also has a fishy centralized nature.

UIGI coin

The UIGI coin reached a peak of $0.012 in Nov. 2021, then gradually declined and stood at $0.0018 on July 19. According to the roadmap above, the project is aimed at a CoinMarketCap listing in Q4 2021. However, the coin tracker has not listed the coin as of July 2022.

Moreover, the coin tracker BSCScan revealed that five wallets own over 40% of the total UIGI coin supply, which constitutes another red flag for potential investors.

Also read: Three Arrows Capital co-founder files $5M claim against own firm.

In conclusion, the UIGI social club emphasizes a debt-free lifestyle. However, the platform contradicts its principles by raising unrealistic expectations. UIGI.io might not be a scam per se, but proceeding with caution is recommended.

Meanwhile, basic financial literacy, combined with a healthy dose of skepticism, should eliminate the need for UIGI.